Flexible Budget for Selling and Administrative Expenses for a Service Company Cloud Productivity Inc. uses flexible budgets that are based on the following data: Sales commissions 15% of sales Advertising expense 20% of sales Miscellaneous administrative expense $8,500 per month plus 12% of sales Office salaries expense $29,000 per month Customer support expenses $13,000 per month plus 20% of sales Research and development expense $31,000 per month Prepare a flexible selling and administrative expenses budget for March for sales volumes of $400,000, $500,000, and $600,000. (Use Exhibit 5 as a model.) Cloud Productivity Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending March 31 Total sales $400000 $500000 $600000 Variable cost: Sales commissions $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Advertising expense fill in the blank 6 fill in the blank 7 fill in the blank 8 Miscellaneous administrative expense fill in the blank 10 fill in the blank 11 fill in the blank 12 Customer support expenses fill in the blank 14 fill in the blank 15 fill in the blank 16 Total variable cost $fill in the blank 17 $fill in the blank 18 $fill in the blank 19 Fixed cost: Miscellaneous administrative expense $fill in the blank 21 $fill in the blank 22 $fill in the blank 23 Office salaries expense fill in the blank 25 fill in the blank 26 fill in the blank 27 Customer support expenses fill in the blank 29 fill in the blank 30 fill in the blank 31 Research and development expense fill in the blank 33 fill in the blank 34 fill in the blank 35 Total fixed cost $fill in the blank 36 $fill in the blank 37 $fill in the blank 38 Total selling and administrative expenses $fill in the blank 39 $fill in the blank 40 $fill in the blank 41